We show that the widespread approach to estimate the career costs of motherhood – so called “child penalties” – is prone to produce biased results, as it pools first-time mothers of all ages without accounting for their differences in characteristics and outcomes. We propose a novel...

Motherhood continues to pose significant challenges to women's careers, and a correct assessment of its effects is crucial for understanding the persistent gender inequality in the labor market. We show that the prevalent approach to estimate post-birth earnings losses - so called "child...

Using data across European corporate boards, we investigate the effects of quota-induced female representation on firm value and operations, under minimal identification assumptions. We consider sharp increases in the share of women on boards that arise due to rounding whenever percentage-based...

We investigate the effects of women directors on firm value and operations, using data across European countries that introduced mandatory or voluntary regulation on female representation in corporate boards. We exploit quasi-random assignment induced by rounding, whenever percentage-based...

We investigate the effects of women directors on firm value and operations, using data across seven European countries that introduced mandatory or voluntary regulation on female representation in corporate boards. We exploit quasi-random assignment induced by rounding, whenever percentage-based...

Using data across European corporate boards, we investigate the effects of quota-induced female representation on firm value and operations, under minimal identification assumptions. We consider sharp increases in the share of women on boards that arise due to rounding whenever percentage-based...

Using data across European corporate boards, we investigate the effects of quota-induced female representation on firm value and operations. We use quasi-random assignment induced by rounding and find that promoting gender equality is aligned with shareholder interests. This result is in stark...